Hello,
Please feel free to move this thread if there's a better place for it.
My family (who are not US citizens or permanent residents) are returning to the US soon and they're bringing in gold heirloom jewelry with them for personal use and keeping. We're still unsure if it's worth $10,000, but they're in the process of figuring that out. In that case, obviously, they'd have to declare them as instruments costing $10k or more. But what I'm wondering about is the FinCEN 105 form and whether it's necessary for them to fill it out. Question #6 on the
help page says the following (emphasis mine):
6) Who does not have to file?
Reports are not required to be filed by
d) a person who is not a citizen or resident of the United States in respect to currency or other monetary instruments or shipped from abroad to a bank or broker or dealer in securities through the postal service or by common carrier,
Since my family would be entering on tourist visas, meaning they're not US citizens or permanent residents, does this part mean they're not required to fill out the form? I'm not entirely sure what the rest of section d) means.
It also doesn't say anything about gold jewelry or any other kind of jewelry even in the definitions of monetary instruments, so that's another source of confusion for us.